Gemini has launched its cryptocurrency exchange and custody services in Ireland, providing individuals and institutions with a simple and secure way to buy more than 100 cryptocurrencies, including bitcoin, ether, and DeFi tokens.
Customers can now open an account via the Gemini website or mobile application and easily buy cryptocurrencies in euros (EUR) and pound sterling (GBP). Users can make purchases with their debit card or using Apple Pay or Google Pay, and can fund their account immediately through their banks via SEPA transfer.
Financial institutions, fintechs and corporations can use Gemini’s institutional-grade, crypto-native platform to access custody, clearing, trade execution, price discovery and portfolio construction services, all in one place.
ActiveTrader, a high-performance crypto trading platform that delivers professional-level experience, is available for use by more advanced traders.
Gemini’s launch follows the recent approval for registration by the Central Bank of Ireland for the cryptocurrency platform to provide crypto services to the Irish market. Gemini is the first company to receive the Virtual Asset Service Provider (VASP) registration, which followed its authorisation as an Electronic Money Institution (EMI) by the Central Bank in March 2022.
Going live in Ireland is the latest step in the company’s European growth strategy. The expansion is built on an approach of proactive and positive engagement with regulators and policymakers to obtain the required levels of licensing and approvals.
“Gemini is committed to providing consumers and institutions with a secure entry point into crypto. We’re excited to be live in Ireland, where there is strong demand among a highly educated and tech literate consumer base for accessible crypto services in euros,” Gillian Lynch, Head of Ireland and Europe at Gemini, said. “Ireland has a developed financial services industry and is an internationally recognised technology hub that serves as a gateway to the wider European fintech market. We look forward to continuing our expansion in the region.”